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Tag Archives: FBR

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

Soren Skou and Claus V Hammingsen

KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

FBR collects record high of Rs836b despite PTI Govt’s relief measures

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue during first quarter of the current financial year recorded a provisional net revenue collection of over Rs. 836 billion as against Rs. 766 billion collected during the same period of the previous fiscal year, including collection on account of book adjustments. The assigned revised revenue target for the first quarter is Rs 851 billion. The ... Read More »

Govt decides to abolish FBR due to Rs 1000b green channel misuse

zahid-Khokar

KARACHI: The federal government has devised an action plan to establish a new tax authority after abolishing Federal Board of Revenue (FBR) due to green channel mega scam of Rs 1000 billion. Mobiles, electronics, liquor, cigarettes, betel nuts, explosive chemicals, etc continue to pour into the country through green channel. Chief Justice of Pakistan Mian Saqib Nisar had taken notice ... Read More »

FBR Member Sarwat Tahira Habib transferred and posted as FTO

Chief Collector Sarwat Tahira

ISLAMABAD: Federal Board of Revenue (FBR) Member Legal & Accounting-Customs Sarwat Tahira Habib has been transferred and posted as Federal Tax Ombudsman. Sources told Customs Today that former chairperson FBR Rukhsana Yasmin had recommended Sarwat Tahira Habib for the post of Member Customs but Election Commission of Pakistan rejected transfers and postings in Pakistan Customs due to general elections 2018. ... Read More »

New Risk Management System should be introduced for transparent use of green channel facility: Collector Sadiqullah

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ISLAMABAD: Collector Adjudication Dr Sadiqullah Khan has proposed that a new Risk Management System should be introduced for transparent use of green channel facility. Reforms should also be introduced in management and human resource development system. Collector Dr Sadiqullah expressed these views during an exclusive interview with Customs Today. He said that list of Afghan Transit Trade should be reviewed. “If we ... Read More »

NAB, FIA asked to probe lappoos set up by Abdul Rauf, Sohail Shams, Haleem Siddiqui in detention mega scandal

sohail shams

KARACHI: A mega scam of Rs 15 billion is unearthed where customs staff in connivance with shipping companies, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT purposely delay the clearances of imported goods. Sources said Customs staff made a strong nexus with Deputy MD of Greenpak Abdul Rauf, CEO of United Marine ... Read More »

After Customs Today unearthed green channel scam of billions, Customs starts de-listing importers from facility

Green channel

KARACHI: A number of importers have reportedly been de-listed from ”Green Channel” facility by the Federal Board of Revenue’s Directorate Reforms and Automation (DR&A). Sources said that the de-listed importers have been barred from clearing their consignments through examination. The importers have approached the Directorate through written letters and sought the reason of their abrupt de-listing from Green Channel. They ... Read More »

Customs officials Dost, Noor, Hameed, Khurram, Aziz take illegal protection of ‘illiterate’ person

cartoon copy

ISLAMABAD: Various customs officials took illegal protection of an ‘illiterate’ person to save themselves from higher FBR and customs authorities against their corrupt practices. Customs officials including Dost Muhammad, Noor Akbar, Qaisar Nadeem Chatha, Akram Basra, Mohammad Bilal, Khurram Rafique, Abdul Hameed, Aziz Sarwar and others give Rs 2000-3000 bribe to this ‘illiterate’ person to write in their favour. Sources ... Read More »

Customs officials Dost, Noor Akbar, Chatha, Basra, Bilal take illegal protection of ‘illiterate’ person

scam

ISLAMABAD: Various customs officials took illegal protection of an ‘illiterate’ person to save themselves from higher FBR and customs authorities against their corrupt practices. Customs officials including Dost Muhammad, Noor Akbar, Qaisar Nadeem Chatha, Akram Basra and Mohammad Bilal and others give Rs 2000-3000 bribe to this ‘illiterate’ person to write in their favour. Sources said this nexus of customs ... Read More »

Rs15b scam: KCCI concerned over sheer blackmailing by Evergreen, Greenpak, KMTC, United Marine, PICT

KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muffasar Atta Malik, while expressing deep concern over sheer blackmailing by shipping lines, their agents in connivance with terminal operators, stated that the Karachi Chamber has been constantly receiving a lot of complaints against many shipping lines, their agents and terminal operators involved in taking unjustified demurrage and detention charges from ... Read More »

Shipping activity at Port Qasim

port-qasim (1)

KARACHI: Following is shipping report of Port Qasim: Sailing of Vessels Ship Name PQA Reg No L.O.A Commodity Manifest Qty. (Import) (Export) Draft Aft (Meters) Draft Far (Meters) ETD Ship Agent Name Berth M.T- GP ASPHALT III 25166 95.50 BITUMEN 2230.000 4.9 4.9 11:30 GATEWAY M/W-II M.T- OOCL WASHINGTON 25190 322.97 CONTAINERS 11.8 11.8 13:00 OOCL PAKISTAN QICT-V M.V- DARANEE ... Read More »

Nearly 2,000 new declarations made since extension in tax amnesty scheme

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ISLAMABAD: Nearly 2,000 new declarations have been made until July 19 since the extension in the deadline of the tax amnesty scheme on July 1. Sources said that nearly 55,000 people had declared their more than Rs1,770 billion worth of domestic and foreign assets under the tax amnesty scheme until June 30 this year and paid around Rs99 billion in ... Read More »

Zero-rating of sales tax granted on textile machinery import

textile

ISLAMABAD: The Federal Board of Revenue has granted zero-rating of sales tax on import of textile machinery. The FBR allowed zero-rating on textile machinery (not manufactured locally and imported by the unit registered with Ministry of Textile Industry as specified in Part IV of the Fifth Schedule to the Customs Act, 1969, subject to same conditions as specified therein)  through ... Read More »

FBR obtains details of Pakistanis having properties in Dubai

Dubai

ISLAMABAD: The Federal Board of Revenue has claimed to obtain details of Pakistani nationals who have undeclared properties in Dubai. According to a senior FBR official, the data includes quantum of rental income earned from these properties. The data was received from Dubai tax authorities, the tax official said. Meanwhile, the FBR is also intensifying its awareness campaign around the ... Read More »

FBR still updating final figures of amnesty scheme beneficiaries

tax amnesty

FAISALABAD: The tax amnesty scheme has received 10 times more response as compared to the previous scheme and Federal Board of Revenue (FBR) is still updating final figures of its beneficiaries and tax collected under this scheme. Addressing a third awareness session on Tax Amnesty Scheme-2018, Withholding Tax Director General Mehmood Aslam Lillah said that placing Pakistan in grey list ... Read More »

FBR to consult with Law Division over performance of ATIR

performance

ISLAMABAD: Federal Board of Revenue (FBR) decided to consult with Law Division regarding its reservations on Appellate Tribunal Inland Revenues. Official sources told Customs Today that intense corruption has been revealed in the Appellate Tribunal Inland Revenues (ATIR), where 40,000 of tax-related cases and appeals are under hearing involving worth of thousand of billion of revenue and the board is ... Read More »

FBR issues procedure for adjustment of ST by steel melters at import stage

steelmelters

ISLAMABAD: The Federal Board of Revenue has issued procedure for adjustment of sales tax by steel melters paid at import stage on the specified categories of remeltable iron and steel scrap with effect from July 1, 2018. The FBR, in supersession of Sales Tax General Order No. 119 of 2017 dated 2nd August, 2017, and in exercise of the power ... Read More »

Customs Appellate Tribunal directs to conclude arguments on case filed by M/s Indus Laboratory

ihc1

ISLAMABAD: A single bench of Customs Appellate Tribunal directed counsels to concluded hearing of arguments in a customs matter submitted by M/s Indus Laboratory against field office of Federal Board of Revenue (FBR) on Thursday. Muhammad Nasir Khan, Member Technical of Customs Appellate Tribunal, reserved the decision. The bench on last hearing had directed parties to submit cases record before ... Read More »

A Thousand Avenfields

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CJP, Chairman NAB notice of green channel: customs audit — a fraud within a fraud

NAB Chairman CJP

KARACHI: Customs Today covered the green channel scam since past many years. The Chief Justice of Pakistan Mian Saqib Nisar took notice of the scam and the court associate sent a letter to the Chairman NAB for necessary action. A customs high official was denying his role in the mega scam saying that it is the issue of software automation ... Read More »